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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                            ________________________

                                    FORM 8-K

                                 Current Report

                Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934

                                December 9, 2003
                Date of Report (Date of earliest event reported)


                                 XL CAPITAL LTD
             (Exact name of registrant as specified in its charter)

         Cayman Islands                    1-10809               98-0191089
(State or other jurisdiction of          (Commission          (I.R.S. Employer
 incorporation or organization)          file number)        Identification No.)

              XL House, One Bermudiana Road, Hamilton, Bermuda HM11
                    (Address of principal executive offices)

                                 (441) 292-8515
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)



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Item 5. Other events.


On December 9, 2003, XL Capital Ltd issued the press release attached as Exhibit
99(a) and incorporated by reference herein.


Item 7. Financial Statements and Exhibits.


     (c) Exhibits. The following exhibit is filed herewith:

         Exhibit No.             Description
         ------------            -----------------------------------------------

              99(a)              Press Release ("XL Capital Ltd Announces
                                 Effectiveness of the Post-Effective
                                 Amendments to the Registration
                                 Statements Covering Resales of Its
                                 Zero-Coupon Convertible Debentures Due
                                 2021 and Its Liquid Yield Option(TM)
                                 Notes Due 2021") dated December 9,
                                 2003.














                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:   December 9, 2003


                                      XL CAPITAL LTD


                                      By:  /s/ Jerry de St. Paer
                                           ------------------------------------
                                           Name:   Jerry de St. Paer
                                           Title:  Executive Vice President
                                                   and Chief Financial Officer